I am still so bearish on this but we are on wave 4 correction, might be long I am not expecting the price to go higher than the box, if it does It might raise a warning
USDSEK is close to a weekly resistance. Market is currently renging between 2 structure and after a long bear move there is the possibility to see a retracement. Price currently broke the inor channel and is testing the support structure. IF the market will break and close above the weekly structure, at the restest of it, we can set a nice long order according...
Hi all, It is a boring Saturday for me and I had nothing to do so lets do a minor currency pair for fun:D First of all I am not 100% sure about the wave counts as I didn't go through 1min chart to verify all the counts but it seems to be a good count 2- some of my wave counts doesn't 100% confirm the fibo ratios but it is roughly a correct model I think. it...
USDSEK on the 4 hour has been in a major downtrend with multiple lower highs and lower lows. We hit a major support zone on the daily chart at 8.6000. From here the downtrend is beginning to exhaust with no new lower lows. From here, it seems we are setting up for a double bottom pattern. A quintessential reversal pattern. I am awaiting for a break above the...
And so he did. Legends fail And houses fall In great shame In elliptical ruins A king gouges his eyes out Forbidden love takes poison Tragedies repeat themselves In perfect circle As Colossus stands So shall Rome When Colossus falls Rome shall fall When Rome falls As Colossus stands So shall Rome When Colossus falls Rome shall fall When Rome falls So falls...
The US dollar to Swedish krona trading pair is widely predicted to crash to its lowest level since April 2018 the pandemic continues to take shots against the buck. The decline should help bears assert more dominance over the market by pushing the 50-day moving average lower against the 200-day moving average. Looking at it, the Swedish krona has been one of the...
Hi moneymakers, Allright, so an exotic pair.. lots of movement on this pair most of the weeks, so lets fasten the seatbelt. Ok, so we have a lot of rejections on the daily wich is giving us the information that the bears seem to be failing to push lower. And what happens when the bears fail, YES, the bulls come in, wich is also in line with the chart pattern at...
on DAILY: USDSEK is sitting around a strong support zone in green so we will be looking for objective buy setups on lower timeframes. on H4: USDSEK formed an objective trendline in blue so we are waiting for a momentum candle close above its last swing to buy this one long-term. on M30: USDSEK is forming a channel in red but it is not valid yet, so we are...
As USD starts to bounce today, I'll be looking for some trades to long USD but not to short EURUSD and AUDUSD as they broke their inside week to the upside. Therefore, turning back to some minor pairs is also not a bad idea. Here we got this USDSEK 4hr harmonic patterns and 4hr demand combination. I'll be willing to take this long! Let's see how it goes yo!
not too confident with this trade but the R/R cant be passed up
another basket pair idea we can play off this chart
Buy opportunity USDSEK 📈 price should test this level use stop loss 🚨